Haverford Trust Co. purchased a new position in Arthur J Gallagher & Co (NYSE:AJG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,450 shares of the financial services provider’s stock, valued at approximately $219,000.

A number of other large investors also recently bought and sold shares of AJG. HM Payson & Co. acquired a new stake in Arthur J Gallagher & Co in the second quarter worth $36,000. Commonwealth Bank of Australia grew its holdings in Arthur J Gallagher & Co by 35.6% in the second quarter. Commonwealth Bank of Australia now owns 480 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 126 shares during the period. CSat Investment Advisory L.P. grew its holdings in Arthur J Gallagher & Co by 106.5% in the second quarter. CSat Investment Advisory L.P. now owns 537 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 277 shares during the period. Bridger Capital Management LLC acquired a new stake in Arthur J Gallagher & Co in the third quarter worth $52,000. Finally, Quest Capital Management Inc. ADV acquired a new stake in Arthur J Gallagher & Co in the third quarter worth $57,000. Institutional investors and hedge funds own 81.46% of the company’s stock.

Shares of NYSE AJG traded up $0.10 during mid-day trading on Friday, reaching $91.15. 558,982 shares of the company’s stock traded hands, compared to its average volume of 983,349. The stock has a market cap of $16.78 billion, a P/E ratio of 26.42, a PEG ratio of 2.52 and a beta of 0.80. The business has a 50-day simple moving average of $89.29 and a 200 day simple moving average of $88.02. Arthur J Gallagher & Co has a 1-year low of $68.19 and a 1-year high of $92.74. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.05 and a quick ratio of 1.05.

Arthur J Gallagher & Co (NYSE:AJG) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Arthur J Gallagher & Co had a net margin of 9.69% and a return on equity of 14.38%. The business’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the company earned $0.77 earnings per share. Equities research analysts anticipate that Arthur J Gallagher & Co will post 3.63 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Thursday, December 5th. Arthur J Gallagher & Co’s dividend payout ratio is currently 49.86%.

In related news, insider Susan E. Pietrucha sold 18,000 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $90.33, for a total transaction of $1,625,940.00. Following the transaction, the insider now directly owns 4,967 shares of the company’s stock, valued at $448,669.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kay W. Mccurdy sold 2,250 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $90.84, for a total transaction of $204,390.00. Following the transaction, the director now directly owns 30,232 shares in the company, valued at $2,746,274.88. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

A number of equities research analysts have commented on AJG shares. Barclays set a $107.00 price target on shares of Arthur J Gallagher & Co and gave the stock a “buy” rating in a report on Monday, August 12th. ValuEngine cut shares of Arthur J Gallagher & Co from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Morgan Stanley lifted their price objective on shares of Arthur J Gallagher & Co from $93.00 to $96.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. SunTrust Banks lifted their price objective on shares of Arthur J Gallagher & Co from $102.00 to $108.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Finally, Zacks Investment Research upgraded shares of Arthur J Gallagher & Co from a “sell” rating to a “hold” rating and set a $76.00 price objective for the company in a report on Tuesday, July 23rd. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $95.86.

Arthur J Gallagher & Co Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance brokerage, consulting, and third party claims settlement and administration services to entities in the United States and internationally. Its Brokerage segment consists of retail and wholesale insurance brokerage operations.

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Institutional Ownership by Quarter for Arthur J Gallagher & Co (NYSE:AJG)

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